São Tomé and Príncipe: Staff Report for the 2003 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 108

Publication date: April 2004

ISBN: 9781451835045

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Taxation - General , Industries - Energy , ISCR , CR , authority , government , oil entity , monetary policy stance , authorities' interest , authorities' effort , authorities' intention , state enterprise , authorities' choice , Oil , Oil sector , gas and mining taxes , Debt service , Exports , Africa , Sub-Saharan Africa , Europe

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Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

Sao Tome and Principe stands at the threshold of the oil era. The government’s objective of stabilizing the non-oil primary fiscal deficit over the medium term is appropriate. Executive Directors support the government’s approach to monetary policy, which is consistent with the flexible exchange regime and focuses on limiting inflation and enhancing credit access for entrepreneurs. Sao Tome and Principe's flexible exchange rate regime remains appropriate. Sao Tome and Principe's statistical framework suffers from serious weaknesses, and institutional capacity needs to be enhanced.